News
EUROPE - WINNERS ANNOUNCED for Nordic unquote” Private Equity Awards
Nordic unquote” is delighted to announce the winners of its second awards for Nordic Private Equity, held last night at the Grand Hotel, Stockholm. The event immediately followed on from a day-long Congress dedicated to discussing developments in the...
CEE - Enterprise Investors sells Romanian supermarket chain to Carrefour
Enterprise Investors ’ Polish Enterprise Fund V has sold 100% of Romanian retail chain Artima to French retailer Carrefour. The transaction valued the company at EUR 55m, which represents an investment multiple of more than 3x. The transaction will...
FRANCE - Argos Soditic backs BIMBO of Marie-Laure PLV
As part of a buy-in management buyout, Argos Soditic has acquired 53% of Marie-Laure PLV, a producer of promotional and maketing materials for retailers.
FRANCE - ACE Management invests extra EUR 2m in data storage specialist
ACE Management has injected EUR 2m as a sole investor in the second round of funding for Hi-Stor.
FRANCE - MBO Partenaires promotes team-members and hires two
French small-cap buyout house MBO Partenaires has appointed Cécile Nguyen, Laurent Tesson and Florian de Gouvion Saint Cyr as partners, and Julien Wormser as Director, while Edouard Malandrin and Géraldine Coulange also join the team.
UK - LSP and SR One lead £16m investment in Syntaxin
Life Science Partners (LSP) and SR One, GlaxoSmithKline's independent corporate healthcare fund, have led an investment of £16m in biopharmaceutical company Syntaxin Ltd in a series-B funding round.
UK - Palamon and Electra-backed SAV Credit makes £385m acquisition
Palamon Capital Partners and Electra Private Equity-backed SAV Credit Ltd has acquired HSBC's marbles and Beneficial branded credit card portfolios for £385m. SAV was founded in 2001 as a provider of credit cards to consumers overlooked by mainstream...
FRANCE - Linux data storage specialist receives additional EUR 4.2m
In its second round of funding, Toulouse-born Seanodes has received financial backing from its existing investors Elaia Partners and IRDI, as well as 123Venture and Galia Gestion.
UK - H.I.G. Capital boosts London team
H.I.G. Capital has appointed Mark Kelly and Andrew Busby to bolster its London team. H.I.G. Capital is a global private equity firm specialising in providing capital to small and medium-sized companies. It recently closed a EUR 600m dedicated fund to...
UK - ISIS makes first portfolio acquisition for Paragon
ISIS Equity Partners has completed the acquisition of Raglin Care Ltd on behalf of portfolio company Paragon (UK) Ltd, a provider of supported living services to adults with learning and physical disabilities.
UK - BOSIF sees 2.9x return from Beck & Pollitzer
Bank of Scotland Integrated Finance has realised its investment in Beck & Pollitzer Ltd, achieving an overall equity return of 2.9x times funds invested, equating to a realised equity IRR of 48%.
US/UK - DIC to take 9.9% stake in Och-Ziff
Dubai International Capital (DIC) is to acquire a 9.9% outstanding equity stake in Och-Ziff Capital Management Group upon completion of Och-Ziff's planned IPO. The purchase price per share paid by DIC will be determined by the pricing of the flotation...
UK - Bank of Scotland takes stake in Pi Capital
Bank of Scotland Corporate has taken a strategic 19.9% stake in Pi Capital through its Growth Equity team. No shares were sold by existing Pi shareholders. Following Bank of Scotland's investment, Pi Capital will gain access to the Bank's pipeline of...
UK - Penta Capital sells stake to Old Oak Holdings
Penta Capital has arranged a strategic investment from Old Oak Holdings Ltd. The deal will see Old Oak, the independent fund management group owned by hedge fund manager Martin Hughes, acquiring a 40% equity stake in Penta Capital for an undisclosed consideration....
FRANCE - Cinven looks to cash in French cable
Cinven is said to have mandated Morgan Stanley and Rothschild to sell half of its stake in French cable monopoly Numericable, in a deal which could raise EUR 2bn for the buyout house.
UK - Spark and Acacia lead $16m funding round for Skinkers
SPARK Ventures Plc (formerly NewMedia SPARK) and Acacia Capital Partners have led a $16m second round of funding for Skinkers, an information broadcast technology company.
UK - Octopus appoints new investment manager
Octopus Investments has strengthend its investment team with the appointment of Purvi Sapre as investment manager in its private equity team.
UK - Sovereign creates £21m turnover learning and skills business
Sovereign Captial has merged three of its portfolio companies to create Employability and Skills Group (ESG), a new £21m turnover learning and skills company.
FRANCE - US private equity firm wins exclusivity for Safran's communications unit
The French defence and electronics group has granted The Gores Group a period of exclusisivity for the acquisition of Sagem Communications, following the receipt of a firm EUR 383m offer.
UK - Key Capital Partners completes first deal
Key Capital Partners has completed its first investment from its maiden fund. KCP invested £4.3m to acquire a significant minority stake in Birmingham-based recruitment company Templine Recruitment Ltd. Yorkshire Bank provided senior debt and working...